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MainNewsGlassnode Fi...

Glassnode Finds XRP Is Retail’s Top Pick This Cycle


Apr, 04, 2025
3 min read
by Jake Simmons
for NewsBTC
Glassnode Finds XRP Is Retail’s Top Pick This Cycle

On-chain data analytics firm Glassnode has identified an intriguing shift in retail investor preference, spotlighting XRP as a focal point of speculative interest. The findings, which come from Glassnode’s newly published report titled “Rippling Away,” reveal that while Bitcoin market indicators edge closer to a bearish zone, XRP has seen remarkable inflows of capital and user activity—albeit with signs of waning momentum.

According to Glassnode’s report, Bitcoin has been consolidating between the $76,000 and $87,000 price range. Indicators such as the Realized Profit/Loss Ratio are showing “signs of near-term seller exhaustion but not yet a renewal of sustained bullish momentum.”

Furthermore, a longer-term on-chain “Death-Cross” suggests the market’s current weakness could persist for some time. “Supply in loss remains elevated at 4.7M BTC,” the report states, underlining the depth of investor stress. These conditions, as Glassnode notes, paint a picture of “deepening bearish conditions” for the leading cryptocurrency.

Retail Flocks To XRP

In contrast to Bitcoin’s cautionary signals, Glassnode points to XRP as a proxy for heightened retail speculation this cycle. The report highlights: “For this cycle in particular, Ripple (XRP) has been a preferred asset for trade amongst retail investors, and studying its behavior can, therefore, serve as a proxy for measuring retail speculative demand.”

From the 2022 cycle low, XRP’s daily active addresses have “jumped by +490%” on a quarterly average basis, while Bitcoin’s rose by only 10%. This sharp divergence underscores the retail community’s enthusiasm for XRP, which Glassnode views as indicative of broader speculative appetite in the market.

Daily active addresses for XRP since cycle low (90-day SMA)

The enthusiasm for XRP translated into a near-doubling of its Realized Cap—leaping from $30.1 billion to $64.2 billion during its rally from December 2024 to early 2025. Glassnode estimates that approximately $30 billion of this new capital came in over the last six months, pointing to a fresh wave of market participants.

XRP’s Realized Cap by age

Alongside the short surge in capital flows, there’s been a rapid concentration of wealth in the hands of new investors,” the report explains. However, Glassnode also warns: “When viewed together with the heavy retail participation, this sharp uplift in new holders raises caution signs.”

Glassnode warns that these new investors are vulnerable to downside volatility, especially as XRP’s cost basis becomes more top-heavy. Thus, despite initial excitement, the report notes a cooling of speculative interest since late February 2025.

Glassnode’s Realized Loss/Profit Ratio for XRP has declined steadily since January 2025, suggesting a slip in profitability and “waning confidence.” This might reflect a more fragile market structure, where large swaths of relatively new holders face mounting paper losses.

XRP Realized Loss/Profit Ratio

“The XRP market is showing signs of a top-heavy structure, with many investors caught on a relatively high-cost basis,” the report adds. This fragility in XRP’s positioning could also imply broader caution for retail-driven altcoin markets.

Overall, Glassnode’s latest research underscores the dichotomy in today’s digital asset landscape. While Bitcoin’s drift below $80,000 spurred increased losses for long-term holders, XRP’s meteoric rise and subsequent slowdown depict a market driven by short-term retail enthusiasm that may be approaching saturation.

“For more speculative assets like XRP, demand may have already peaked,” the report concludes, “suggesting caution may be warranted until signs of a robust recovery start to emerge.”

At press time, XRP traded at $2.00.

XRP price
Read the article at NewsBTC

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Ethereum OG Wallet from 2017 Sells All Remaining ETH, Inks $8,660,000 in Profit: Lookonchain


Apr, 04, 2025
2 min read
by Daily Hodl Staff
for The Daily Hodl

A long-dormant Ethereum wallet inked $8.66 million in profits after selling 5,001 ETH it purchased back in 2017.

The crypto tracker Lookonchain notes the address acquired 5,001 Ethereum for $1.38 million in 2017, back when ETH cost only $277.

The wallet held its Ethereum trove through multiple bull runs, including when ETH hit its all-time high of $4,878 in November 2021. At that high point, the Ethereum holder would have made $23 million in profit had they sold.

The wallet sold 3,000 Ethereum in early March and hawked the remaining 2,001 ETH earlier this week, according to the crypto data platform Arkham.

Ethereum is trading at $1,882 at time of writing. The second-ranked crypto asset by market cap is down nearly 2% in the past 24 hours and more than 6% in the past seven days.

Lookonchain also notes that crypto whales have been selling Aave (AAVE), a top decentralized lending protocol built on Ethereum.

One whale deposited 30,001 AAVE worth $4.98 million to the digital assets prime brokerage FalconX. Another deposited 11,018 AAVE worth $1.86 million to the crypto exchange OKX at a loss of $293,000.

AAVE is trading at $157.39 at time of writing. The 52nd-ranked crypto asset by market cap is down more than 6% in the past 24 hours and nearly 12% in the past seven days.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Ethereum OG Wallet from 2017 Sells All Remaining ETH, Inks $8,660,000 in Profit: Lookonchain appeared first on The Daily Hodl.

Read the article at The Daily Hodl

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